Fidelity Cash Management Account
A brokerage cash account that functions as a no-fee checking + HYSA hybrid.
APY
4.05%
core position SPAXX yield, variable
Updated 1d agoEditor rating
4.6 / 5
Insurance
FDIC
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APY history
0 snapshotsNo rate history yet — checking daily.
Editor's Verdict
Fidelity's Cash Management Account is the cleanest "all-in-one" replacement for both checking and savings if you are willing to use a brokerage. The ATM fee reimbursement is industry-leading. Yield is slightly below the pure-play HYSAs but the convenience and integration usually justify it.
By HYSA Compare Editorial Team · APY verified on 2026-04-06T00:00:00.000Z
Pros
- + Up to $1.25M FDIC insurance via partner network
- + Free ATM access worldwide (all fees reimbursed)
- + Check writing and debit card included
- + Integrates with Fidelity investing accounts
Cons
- − Yield comes from money market fund SPAXX, can fluctuate
- − Not technically a savings account
What you'd earn at Fidelity (Brokerage Cash)
Plug in your numbers. We'll show you how much interest you earn at today's rate.
Total contributed
$25,000
Interest earned
$3,761
Final balance
$28,761
Year-by-year breakdown
| Year | Contributed | Balance | Interest |
|---|---|---|---|
| 1 | $13,000 | $13,460 | $460 |
| 2 | $16,000 | $17,061 | $1,061 |
| 3 | $19,000 | $20,807 | $1,807 |
| 4 | $22,000 | $24,705 | $2,705 |
| 5 | $25,000 | $28,761 | $3,761 |
Assumes monthly compounding and a constant APY. Actual results vary as APYs change. Not financial advice.
Account details
- Institution type
- BROKERAGE CASH
- Minimum opening deposit
- $0
- Min. balance to earn APY
- $0
- Monthly fee
- $0.00
- Compounding
- daily
- ATM access
- Yes
- Check writing
- Yes
- Mobile app
- Yes